According to German daily Boersen-Zeitung, Andreas Treichl, the CEO of Erste
Bank has stated that the bank will monitor German banking market for a couple of years before entering. Treichl has stated that the German market is more interesting than one would assume, but this is not the time for Erste
Bank to ‘think about Germany in any form’. The CEO has confirmed that the bank’s main task currently is the integration of BCR.
Separately, the CEO has stated that the possibility of a merger between Erste
and OTP Bank is unlikely.
The article came as a response to Erste
Bank withdrawal from the bidding process of the sale of Germany's Landesbank Berlin. We do not expect the news to have any significant impact on the stock price.